Capital Cranfield has announced Harus Rai will succeed Neil McPherson as managing director.

Rai is currently the firm’s head of sole trusteeship and will assume his role of managing director on 1 June when McPherson retires. Rai joined Capital Cranfield in 2017 following seven years with Capita Pension Trustees as a professional trustee. He started his pensions career in 1997 with Sedgwick Noble Lowndes (now Mercer) in pensions administration before moving into their consultancy practice that specialised in liability management through scheme design. Capital Cranfield chairman, Martin Jones, said the firm was “delighted” to be able to promote from within and that Rai had demonstrated “the vision and energy” it seeks to drive the business forward.

BestTrustees has appointed Colin Stewart and Jonathan Crowther as trustee executives.

Stewart is a pensions trustee and senior business leader with more than 30 years of pensions experience. He recently stepped down as managing director of Citibank Scotland and is an adviser to the Scottish government. Crowther is an investment specialist and pensions consultant who has held a variety of senior roles with WTW, Legal & General Investment Management and Axa Investment Managers.

B&CE, provider of The People’s Pension, has named Dominic Fielding as a new chief risk officer.

Fielding, who has 30 years of experience in the finance industry, has joined the firm from Handelsbanken Group. He also previously held senior roles at companies including Aviva and PwC. Fielding has worked for the Financial Ombudsman Service and until recently chaired the Investment Association’s Financial Crime Practitioner Panel.

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